With the development of private property ownership, real estate has become a major area of business, commonly referred to as the commercial real estate. Purchasing real estate requires a significant investment, and each parcel of land has unique characteristics, so the real estate industry has evolved into several distinct fields. Within each field, a business may specialize in a particular type of real estate, such as residential, commercial, or industrial property. The retail spaces feature in the commercial real estate zone.
The sale of goods and services from individuals or businesses to the end user is usually termed as retail. Retailing includes subordinated services, such as delivery. A few examples can be sighted such as departmental stores which are very large stores offering hard and soft goods. Then is the warehouse stores that offer low cost, often high quantity goods piled on pallets or steel shelves. Retail spaces are often rented for construction of shopping malls, supermarkets, E-tailers and other smaller retailers. Malls have a range of retail shops at a single outlet. Supermarkets are self service stores consisting mainly of grocery and limited products on non food items. E-tailers are spaces from where the customer can shop and order through internet and the merchandise are dropped at the customer’s doorstep.
Retail spaces are being rent not only in the national capital but also in its outskirts, especially the areas that come under NCR such as Gurgaon and Noida. With IT hubs being constructed at these places there’s a lot of demand for retail spaces. One can acquire Rented Commercial Property in Delhi through the real estate agents in Delhi, and this is an efficient way to rent property and the trouble of legal matters is less on the tenant. Similar is the case in other parts of NCR. The rental varies from area to area. It depends mainly on the location and the square feet of the area. This can be made clear with the help of few examples. A space available for rent in Galleria market, DLF, Phase-4, Gurgaon of area 2258 square feet(Super) and 1468 square feet(Covered) comes for Rs. 13,54,800 per month. A number of amenities such as lift, parking and power backup are also available with it. Retail space available for lease or rent in sector-18, Noida, of total area of 1400 square feet comes for Rs. 21,000 per month. It is well connected with the metro and parking is also available. These are good examples of rental of retail spaces in NCR. Examples of rental of retail spaces in Delhi can also be sighted. Prime space available for lease or rent in Sarojini Nagar Market, South Delhi of total area of 450 square feet comes for Rs. 27,000 per month. One additional feature included with it is parking.
There can be various types of retail spaces available on Delhi for rent as executive office spaces for rent as well as commercial office spaces on rent. The types of retailers depend on the marketing strategy.
Renting commercial spaces in Delhi NCR